Penn transferred 100% of the outstanding shares back to Portnoy for $1 but secured the rights to half of the gross proceeds if Portnoy ever sells the company again
Penn wanted to enter into gambling with ESPN. ESPN made them dump Portnoy.
Then just a few months later ESPN dumped Penn and went with DraftKings.
It's all just a bunch of jewish financial manipulation.
Penn wanted to enter into gambling with ESPN. ESPN made them dump Portnoy.
Then just a few months later ESPN dumped Penn and went with DraftKings.
It's all just a bunch of jewish financial manipulation.
A few months being 24, because they did 2 years of their 10 year partnership before ESPN bailed.